6. Select the answer which is NOT a negative displacement event
Attraction towards entrepreneurship
Midlife Crisis
Dissatisfaction with current employment
Absence of a social safety net
7. Opportunities CANNOT be identified by
Creating opportunities by oneself
Becoming complacent
Fortuitous discovery
Active search
8. How frequently do entrepreneurs fail?
75% within the first year
40% within the first 8 years
50-80% within the first 5-7 years
30-50% within the first 7-9 years
9. According to eclectic theory, a country with significant ownership advantages but no internationalisation advantages should do what to sell in foreign markets?
License its products
Refrain from internationalisation
Export
Set up a subsidiary
10. Which strategy should a firm use that wants to enter a new market with an existing product?
Market development strategies
Product development strategies
Penetration strategies
Diversification strategies
11. Which of the following is an example of vesting?
Splitting the equity after 6 months
Earning equity after accomplishing specific milestones
Attracting team members with equity incentives
Never renegotiating the equity split
12. According to Greiner's model, which crisis follows growth though coordination?
Crisis of leadership
Crisis of red tape
Crisis of autonomy
Crisis of control
13. What is a disadvantage of the local-for-global innovation process?
Risk of duplication
Risk of market insensitivity
Subsidiary based knowledge development
Centralised resources
14. Which of the following is NOT a type of innovation?
International
Breakthrough
Ordinary
Technological
15. According to the internationalisation theory, if a firm's production process is highly confidential it would expand into global markets by:
Licensing
Setting up a subsidiary abroad
Franchising
Indirect exports
16. Which country would a firm wishing to globalise NOT enter?
A country with low inflationary risks
A country with high subsidies for domestic producers
A country with low taxes
A country with low labour costs
17. Which organisational archetype was used during the American expansion in the 50s/60s?
International strategy
Global strategy
Multinational strategy
Local strategy
18. Why is entrepreneurship important for Germany?
Lack of natural resources
Lack of technology
Lack of economic development
Lack of economic growth
19. What are the most important factors for entrepreneurial intentions?
Perceived desirability of performing behaviour
Attitude towards the entrepreneurial behaviour and perceived behavioural control
Subjective norms and perceived behavioural control
Perceived feasibility of performing behaviour
20. Fill in the gaps: evaluation of business ideas is based on ___ models and is ___
